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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Texas seeks more help as wildfires burn Austin homes 12:57am EDT Death toll at 43 as tornadoes and storms rake South | 1:31am EDT Palin returns with feisty, anti-establishment speech 16 Apr 2011 Congress will raise debt limit: Geithner 17 Apr 2011 Analysis: Google's Page and Wall Street: Who needs who? 17 Apr 2011 Discussed 83 Obama to lay out deficit plan with focus on tax, spending 82 White House warns on debt limit, says Obama regrets vote 74 UPDATE 1-Geithner says Congress will pass debt limit increase Watched Cupless bra combats cleavage crinkle Fri, Apr 15 2011 South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Deadly tornadoes pound southern U.S. Sun, Apr 17 2011 Samsung eyes sale of hard-disk-drive unit: report Tweet Share this NEW YORK (Reuters) - Samsung Electronics Co may be looking to sell its hard-disk-drive business for $1.5 billion, the Wall Street Journal reported on Sunday. The newspaper, citing a person familiar with the situation, reported that Samsung would use... Email Print Related News Regulators probe whether banks colluded in Libor: report Thu, Apr 14 2011 Schneider serious about bidding for Tyco Wed, Apr 13 2011 Cisco kills Flip camera in first revamp step Tue, Apr 12 2011 Seagate sees strong third quarter; reinstates dividend Thu, Apr 7 2011 RBC eyes sale of U.S. consumer banking unit: source Thu, Apr 7 2011 Analysis & Opinion What is tax deductible for small business? Common budget mistakes for tech startups Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Stocks An employee of Samsung Electronics walks at a headquarters of the company in Seoul July 30, 2010. Credit: Reuters/Lee Jae-Won NEW YORK | Sun Apr 17, 2011 2:27pm EDT NEW YORK (Reuters) - Samsung Electronics Co may be looking to sell its hard-disk-drive business for $1.5 billion, the Wall Street Journal reported on Sunday. The newspaper, citing a person familiar with the situation, reported that Samsung would use proceeds from the sale to invest in new, higher growth areas. While it would likely seek $1.5 billion, it might consider selling the money-losing division for $1 billion, according to the report. One potential buyer for the hard-disk-drive business would be Seagate Technology, the person familiar with the situation was cited as saying. Seagate declined to comment on the report. South Korea's Samsung is the world's top maker of memory chips and flat screens, but it has struggled in the hard-disk-drive business. The business is due to become even more competitive with Western Digital Corp's plan to buy Hitachi Ltd's hard-disk-drive unit for $4.3 billion, a deal that would create global leader with deep resources. Samsung could not immediately be reached for comment. (Reporting by Paul Thomasch, editing by Bernard Orr) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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